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202 Broadway, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$895,000
$232/sqft
202 Broadway, Norwich, CT
Active
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8
Bedrooms
7
Bathrooms
3,861
Sq Ft
0.76
Acres
1843
Year Built

About This Home

VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current rent roll reflects opportunity for significant value creation, with pro forma rents driving a projected NOI of ~$88K and a 14% cash on cash return, offering investors immediate scale with clear value creation. The asset benefits from 100% occupancy, off-street parking, and a highly desired LOCATION. The units are in above-market condition, allowing for immediate rent growth without the need for significant capital improvements. This is a true Day 1 cash-flowing asset with no major CapEx required-an increasingly rare profile in today's market where most value-add opportunities require heavy renovation risk. Strategically located just 15 minutes from New London, the property is directly positioned to benefit from the ongoing economic expansion driven by Electric Boat's multi-year contract pipeline, actively bringing in thousands of new jobs to the region. This macro tailwind continues to fuel rental demand across Eastern Connecticut, particularly in supply-constrained, workforce-driven housing markets like Norwich.

Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $895,000 Days on Our Site 0 days
Property Tax $10,700/yr Style Units on different Floors
Year Built 1843 Total Sq Ft 3,861
Lot Size 0.76 acres HOA Fees N/A
Bedrooms 8 Full Bathrooms 7
Total Rooms 22 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Steam
Fuel Propane
Cooling None
Hot Water Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $892/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jun 5, 2026 Listed $895,000

Frequently Asked Questions

How much does 202 Broadway in Norwich, CT cost?
This property is listed at $895,000, which works out to $232 per square foot.
How many bedrooms does 202 Broadway have?
This home has 8 bedrooms and 7 bathrooms.
What is the square footage of 202 Broadway?
The home is 3,861 square feet, situated on 0.76 acres.
When was 202 Broadway in Norwich built?
This property was built in 1843.
Is 202 Broadway, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 202 Broadway, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 202 Broadway, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Anthony Velez · (860) 300-3102

VC Property Group, LLC · (860) 300-3102

MLS# 24181437 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jun 5, 2026 2:25 PM UTC